IASToppers-Current-Affairs-Analysis-22nd-Mar-2016
Current Affairs Analysis

22nd March 2016 Current Affairs Analysis

By IT's Current Affairs Analysis Team
March 22, 2016

Contents

Economy

  • ‘Google Tax’: Govt panel for levy on e-com through emails, blogs

International Relations

  • Nepal, China sign first-ever transit treaty

Defence & Security Issues

  • Iron Fist to showcase air force’s war readiness
  • Boeing P 8I: Navy’s aircraft on mission in Seychelles

Also in News

  • Rajasthan celebrates first IT Day, launches connectivity network
  • Earth Hour 2016
  • World Water Day

Economy

‘Google Tax’: Govt panel for levy on e-com through emails, blogs

A committee on e-commerce set up by the Central Board of Direct Taxes has recommended a tax on digital transactions such as emails, blogs and downloads.

Committee’s recommendations:

  • The committee has recommended a tax of 6-8% on 13 services, in a bid to prevent tax avoidance by multinationals.
  • The recommendations are based on Base Erosion and Profit Shifting guidelines of The Organisation for Economic Co-operation and Development (OECD) – which provides economic solutions to member nations.

IASToppers-22nd March

[Ref: BS]

International Relations

Nepal, China sign first-ever transit treaty

Nepal and China have signed 10 MoU, including the transit and transportation treaty during Prime Minister KP Sharma Oli’s ongoing visit to the country.

Background:

  • Oli’s high-profile visit comes as Nepal seeks to open more supply routes from China amid fears of a repeat of recent nearly six-month long crippling blockade when the Indian-origin Madhesis blocked Nepal’s trade-routes with India, throwing normal life out of gear.

Proposed new Rail and Port link:

  • China has agreed to Nepal Prime Minister K P Oli’s request to build a strategic railway link between the two countries through Tibet to reduce land-locked Nepal’s total dependence on India.
  • With the latest agreement, Nepal will be able to use the Chinese sea port for third-country trade through the nearest Tianjin port that is 3,000 km from Nepal border. This will end the Himalayan nation’s total dependency on an Indian sea port for third-country trade links. India’s Calcutta port is 1,000 km from from Nepal.

India- Nepal relations:

  • India at present has two rail lines under construction and three more are being planned to increase Nepal’s trade ties.
  • India and Nepal have 25 crossing points, two integrated checkpoints and 2 more checkpoints were under construction.
[Ref: Hindu]

Defence & Security Issues

Iron Fist to showcase air force’s war readiness

The Indian Air Force (IAF) displayed its prowess at the day-night ‘Iron Fist’ exercise in Jaisalmer’s Pokhran firing range, less than 200 kilometres from the Indo-Pak border.

  • The event comprised 6 packages depicting 6 different themes in which more than 180 aircraft, including fighters, transport and helicopters of IAF participated. 
  • The Exercise Iron Fist 2016, a once-in-three-years was held in the presence of top leadership of the nation, including the President, Prime Minister, Defence Minister, as well as the Chiefs of the Navy, Army and the IAF, besides Defence Attachés of friendly foreign countries.
[Ref: IE]

Boeing P 8I: Navy’s aircraft on mission in Seychelles

The Indian navy has for the first time deployed the Boeing P 8I, one of its advanced maritime reconnaissance aircraft, to Seychelles for surveillance of the island nation’s Exclusive Economic Zone.

  • It is the first such deployment of the Boeing P 8I to a foreign country. 

About P8I:

  • P 8Iis the military version of Boeing 737-800. India is one of the few countries, other than the US, that uses P 8I.
  • The P 8I is a cheaper, economical, faster and more effective option than the naval ships, and sends a signal about navy’s overall ambition and capabilities.
[Ref: Hindu]

Also in News

Rajasthan celebrates first IT Day, launches connectivity network

On the occasion of Rajasthan’s first IT Day on 21st March, the State government launched RajNET — a wide area network.

Key Facts:

  • RajNET connects the State capital (Jaipur) with all 9,894 gram panchayats and 183 municipal areas. 
  • RajNET  aims to strengthen connectivity and allow the inclusion of remote areas through Information Technology.
  • The first IT Day was based on the theme ‘Promotion of IT Start-ups’, in line with the State’s focus on empowering start-ups.
  • Built as a multimode connectivity network (through VSAT and terrestrial linkage), RajNET facilitates voice, video and data connection, enabling effective delivery of citizen services like Bhamashah, e-Mitra and MNREGA across the State, including its remotest areas.
[Ref: Hindu]

Earth Hour 2016

The tenth edition of World Wide Fund for Nature’s (WWF’s) Earth Hour was observed across the World on 19 March 2016 from 8:30 pm to 9:30 pm local time.

  • Earth Hour 2016 encouraged people to explore and adopt a cleaner and more sustainable lifestyle by embracing renewable energy solutions.
  • In India, Rashtrapati Bhavan also participated by switching off lights for 1 hour.

About Earth Hour:

  • Earth Houris a worldwide movement for the planet organized by the World Wide Fund for Nature (WWF).
  • The event is held worldwide annually encouraging individuals, communities, households and businesses to turn off their non-essential lights for one hour, from 8:30 to 9:30 p.m. towards the end of March, as a symbol for their commitment to the planet.
[Ref: Hindu; Wiki]

World Water Day

World Water Day is an annual event celebrated on March 22.

  • The day focuses attention on the importance of fresh water and advocates for the sustainable management of freshwater resources.
  • Theme for the year 2016 is“Water and Jobs”.
  • It is part of Decade for Water (2005-2015) activity by the United Nations.
  • The United Nations General Assembly designated March 22 as World Water Day in 1993 following a resolution taken in Rio, Brazil in 1992 when demands were made to designate a special day for water resources.
[Ref: Hindu; Wiki]

 

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